Friday, 10 November 2017

Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $2.7 million


Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $2.7 million, and the 2015 balance sheet showed net fixed assets of $3.5 million. The company’s 2015 income statement showed a depreciation expense of $328,000. What was net capital spending for 2015?
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